Superstate USCC Vault
Overview
The Renzo Superstate USCC Vault provides users with access to Superstate’s USCC alongside boosted yields through Aave Horizon leverage looping. This vault allows retail users to gain synthetic exposure to USCC which is otherwise restricted to institutional investors - while benefiting from automated yield optimization.
Key Benefits
Earn competitive yield on stablecoins: Earn optimized returns on stablecoins via exposure to leveraged USCC yield.
No Active management required: The vault’s smart contracts handle allocation, rebalancing, and diversification automatically, with the UI simply abstracting away the complexity.
Smooth withdrawals: Withdrawals are enabled from the vault starting from day one.
LP price tracking: Monitor individual vault positions and price movements in real time.
Vault Details
LP Token Symbol: ezUSCC1
LP Token Name: Renzo Superstate 1
Fees: 20% Performance Fee (e.g. 20% of yield generated in USDC terms)
Underlying Vault Asset: USDC
Operation Flow
User deposits USDC
The vault manager converts the USDC into USCC
USCC is supplied as collateral on the Aave Horizon RWA market.
Borrow USDC against the USCC collateral when the borrow rate is favorable at a target loan-to-value (LTV).
Deposit the borrowed USDC into Superstate to mint additional USCC.
Re-deposit the newly minted USCC as collateral and repeat the loop to increase effective yield.
USCC Fund Overview
The Superstate Crypto Carry Fund (the “Fund”) offers Qualified Purchasers access to crypto basis (differential between the spot and future price) strategies. The Fund optimizes the yield and risk of crypto cash-and-carry trades across the Bitcoin basis, Ether basis (including staking Ether), and U.S. Treasury securities. Shares of the Fund are issued as USCC tokens on Ethereum, Solana, and Plume, or held in book‑entry form. Subscriptions and redemptions are facilitated through USD or USDC, with liquidity each market day.
Yield Model
Interest rates accrue in a similar way to Lido's wstETH. You are minted a static amount of tokens and your token balance stays the same unless you mint, burn, or transfer. The NAV increases over time, allowing you to redeem a share of USCC for an increasing amount of U.S. Dollars or USDC.
Learn more about USCC here: https://superstate.com/assets/uscc
Deposits
Click Connect Wallet to link your EVM wallet.
Confirm the amount of USDC tokens and proceed to deposit.
Approve and confirm the transaction on your wallet.
Once the deposit is successful, you can view your ezUSCC1 on your wallet.
Withdrawals
Visit http://app.renzoprotocol.com/vaults/ezuscc1 and select withdraw.
Enter the amount of vault shares (ezUSCC1) that you would like to redeem. You can click MAX to enter the maximum tokens available
Confirm the amount and proceed to deposit.
Approve and confirm the transaction on your wallet.
Important Note on Withdrawals
There is a 3-day minimum which the user must wait before the withdrawal request is claimable. During the pending redemption period (up to 1 business day) the USCC is not in the vault and the USDC has not been sent back. Once the 3 day cooldown period has been completed and the USDC is available in the Withdraw Queue, the user can claim the withdrawal request. The LP token will be burned and the USDC will be sent to the users.
Note: The price that the user gets for final conversion of LP Tokens to USDC is the lower of
When the user creates the initial withdrawal request
When the user claims the withdrawal request
Contracts
Vault Contract: 0xc242DEEF9E4dBdF394fE425630F9aa5762dB2faC
Deposit/Withdraw Strategy Contract: 0x7C4564bD54Da474314F715b19D7d8C7671760395
Deposit/Withdraw Helper Contract: 0x0727715058A4fBa47d786C9443cC743272D450c7
Aave Looping Strategy Contract: TBD
Vault Withdraw Queue Contract: 0xA99cdFc2B60A10e6a9E8C457CdaF8A3e8f569df1
USCC Oracle Contract: 0xAfFd8F5578E8590665de561bdE9E7BAdb99300d9
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